Prices put in a Bearish Engulfing candlestick pattern below resistance at 144.01, hinting a move lower is ahead. Initial support lines up at 142.26, the 23.6% Fib. Alternatively, a reversal above resistance aims for the 50% level at 145.44.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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